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Despite stumbles, West Virginia finishes 2017-18 budget year with 1 percent surplus

By PHIL KABLER

Charleston Gazette-Mail

Gov. Jim Justice listens to adviser Bray Cary Monday during a news conference at the Capitol. Justice announced the state had wrapped up the fiscal year with a $20.2 million surplus.
(Gazette-Mail photo by Kenny Kemp)

CHARLESTON, W.Va. — Even though June 2018 revenue collections of $419.51 million fell short of June 2017 collections by $45.6 million, they were sufficient to allow the state to wrap up the 2017-18 budget year with a $20.2 million surplus, figures from the state Budget Office show.

Overall tax collections of $4.245 billion for the 2017-18 budget year exceeded projections by less than 1 percent, but were up $76.75 million over 2016-17, when the state missed budget estimates by $11 million.

State Department of Revenue officials were not available for comment on the revenue figures Monday afternoon.

Read the entire article: https://www.wvgazettemail.com/news/politics/despite-stumbles-wv-finishes—budget-year-with-percent/article_64ecf4a1-dcdb-5345-a837-7e83811f6cc8.html

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